Feb. 09, 2022 - In 2022, we expect to see an uptick in restructurings and insolvencies as fiscal protections expire and businesses face continued cash shortfalls, mounting debt obligations, altered consumer behaviours and rising interest rates. Despite these challenges, while we recognize the immeasurable...
Insolvencies in 2021: A Look Back and the Road Ahead
Davies Insolvency Now, Issue 5
As government supports recede and the focus shifts toward economic recovery, in this issue of Davies Insolvency Now, we take a deep dive into the implications of 2021 insolvency data for 2022, and explore the Canadian application of two key themes emerging from the 2022 World Development Report:
- A sectoral analysis of insolvency activity is insufficient. Problems in one sector can have repercussions for the wider economy through multiple, mutually reinforcing channels that connect the financial health of households, firms, financial institutions and governments.
- An expected uptick in filings will further challenge thinly stretched insolvency systems. We explore the emergence of alternative dispute resolution – in the form of both mediation and arbitration – as a potential tool for addressing judicial resource shortages.
Davies Insolvency Now is a quarterly publication that analyzes key trends and developments in the insolvency and restructuring industry.
Oct. 21, 2021 - Most of us have stopped asking, “When will it be over?” and have started wondering how we can live with COVID-19 – and how it will change our behaviour from now on. In the context of restructuring, as we saw during the recent Canadian federal election, bankruptcy and insolvency have become topics...